Mining in Nunavut
Mining in Nunavut Partnering in Iqaluit’s Economic Development Iqaluit Economic Development Forum March, 2013 Key Messages • The mining industry in Nunavut is our economic strength • We have significant mining opportunities ahead of us • Business Opportunities and benefits to Iqaluit • Nunavut Mining Symposium – a major economic driver for the City 2 Role of the Chamber of Mines 2 Main functions – Education, advocacy – Window for government to seek input on policy Establishment of Nunavut office - 2011 3 The North’s tremendous mineral potential • 8 geological provinces • Diverse mineralogy – Gold, silver, diamonds, lead, zinc, uranium, tungsten, rare earths, cobalt, bismuth, nickel, copper, etc. • Under-mapped & under-explored • Great mineral potential – Fraser Institute ranked Nunavut geology as 7th most attractive of 93 global jurisdictions 4 Mines and Advanced Mine Projects Project Owner(s) Commodity Description Status Meadowbank Gold Agnico-Eagle Mines Gold In operation since 2010. Open pit mine located in the Latest IIBA agreement signed October 23, Mine Kivalliq Region, 300 km west of Hudson Bay and 70 km N 2012. Payable gold production for 2012 of Baker Lake. totalled 366,030 oz. Mine life extended to Mine jobs: 450 2018. Est. expenditures for 2013 - $83M. Mary River Baffinland Iron Mines Iron Proposed open pit mine with railway and port; 936 km N Project Certificate awarded December 28, of Iqaluit with 5 known deposits. 2012; Plan to submit addendum to FEIS by Estimated construction jobs: 3,500 – 5,000 end of June, 2013. Estimated mine jobs: 715 Kiggavik AREVA Resources Uranium Proposed uranium mine 80 km W of Baker Lake. Areva submitted response to DEIS IR’s on Estimated Construction jobs: 750 January 31, 2013.
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